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Saudi Arabia deposits $3bn at Egypt's central bank

Saudi Arabia deposits $3bn at Egypt's central bank
Central Bank of Egypt

Mubasher: Saudi Arabia has deposited $3 billion at the Central Bank of Egypt (CBE) to support the country's foreign reserves amid the pandemic. 

Moreover, the kingdom also extended the maturity of existing deposits worth $2.3 billion, the Saudi Ministry of Finance said in a statement on Sunday. 

Saudi Arabia also deposited $3 billion at the Pakistani central bank and provided the country with $1.2 billion to finance its balance of payments.